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Barcelona Machine Tools. Oriol D'ez Miguel S.R.L., a manufacturer of heavy-duty machine tools near Barcelona, ships an order to a buyer in Jordan. The purchase
Barcelona Machine Tools. Oriol D'ez Miguel S.R.L., a manufacturer of heavy-duty machine tools near Barcelona, ships an order to a buyer in Jordan. The purchase price is 420,000. Jordan imposes a 14% import duty on all products purchased from the European Union. The Jordanian importer then reexports the product to a Saudi Arabian importer, but only after imposing its own resale fee of 29%. Given the following spot exchange rates on April 11, 2010, , what is the total cost to the Saudi Arabian importer in Saudi Arabian riyal, and what is the U.S. dollar equivalent of that price? The spot rate, Saudi Arabian riyal per Jordanian dinar is SRI IJD. (Round to five decimal places.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.)
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